MARA Holdings, the bitcoin miner formerly known as Marathon Digital, sold more than $1.6 billion worth of BTC in the first half of 2026, according to a Form 10-Q filing. The sale lands as Strategy, another major bitcoin treasury company, is also offloading its holdings. Together, the two are weighing on the crypto market.
The 10-Q disclosure
The filing, submitted to the SEC, shows the company's bitcoin sales over the first two quarters of 2026. It doesn't break down the sales by month or price, but the aggregate figure is large. For a miner, selling this much in six months is a notable shift.
Why the market is feeling it
The sale comes at a time when Strategy, another major bitcoin treasury company, is also selling. The two companies' combined selling is adding downward pressure on bitcoin's price. The market is already dealing with other headwinds, but the filings highlight that some of the biggest corporate holders are cashing out.
The next quarterly filings will show whether MARA and Strategy have continued to trim their holdings. For now, the market is left to digest the scale of the selling.
